News headlines about Chesapeake Utilities Corporation (NYSE:CPK) have trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chesapeake Utilities Corporation earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.5622596602392 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
A number of equities analysts recently weighed in on the stock. Sidoti began coverage on Chesapeake Utilities Corporation in a report on Wednesday, October 18th. They issued a “neutral” rating and a $85.00 target price for the company. BidaskClub raised Chesapeake Utilities Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research raised Chesapeake Utilities Corporation from a “strong sell” rating to a “hold” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $73.00.
Shares of Chesapeake Utilities Corporation (CPK) traded up 0.12% during mid-day trading on Thursday, hitting $80.15. The stock had a trading volume of 35,897 shares. Chesapeake Utilities Corporation has a one year low of $58.00 and a one year high of $82.15. The company has a 50-day moving average of $79.67 and a 200 day moving average of $76.52. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 31.16 and a beta of 0.27.
Chesapeake Utilities Corporation (NYSE:CPK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.18). Chesapeake Utilities Corporation had a return on equity of 9.18% and a net margin of 7.40%. The company had revenue of $125.08 million for the quarter, compared to analyst estimates of $116.50 million. During the same period in the prior year, the company earned $0.52 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Chesapeake Utilities Corporation will post $2.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, September 14th. Chesapeake Utilities Corporation’s payout ratio is presently 50.78%.
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About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
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